Childrens Place Correlations

PLCE Stock

USD 16.10 0.20 1.23%

The current 90-days correlation between Childrens Place and Buckle Inc is 0.03 (i.e., Significant diversification). The correlation of Childrens Place is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Childrens Place Correlation With Market

Average diversification

The correlation between Childrens Place and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Childrens Place and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Childrens Place. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Childrens Stock refer to our How to Trade Childrens Stock guide.

Moving together with Childrens Stock

0.71	HD	Home Depot	Pair Corr
0.69	TTSH	Tile Shop Holdings	Pair Corr
0.65	BC	Brunswick	Pair Corr
0.67	CMG	Chipotle Mexican Grill Sell-off Trend	Pair Corr

Moving against Childrens Stock

0.52	VC	Visteon Corp	Pair Corr
0.51	FL	Foot Locker Earnings Call This Week	Pair Corr
0.66	SUP	Superior Industries	Pair Corr
0.58	SRI	Stoneridge	Pair Corr
0.53	LEA	Lear	Pair Corr
0.46	IGT	International Game	Pair Corr
0.44	ALV	Autoliv	Pair Corr
0.44	LNW	Light Wonder	Pair Corr
0.37	DAN	Dana Inc	Pair Corr

Related Correlations Analysis

	ROST	BKE	HIBB	GES	ANF	AEO	GPS	FL	URBN
ROST		-0.43	-0.33	0.76	0.2	0.44	0.31	0.74	-0.03	ROST
BKE	-0.43		0.22	-0.62	0.1	-0.59	-0.11	-0.34	0.64	BKE
HIBB	-0.33	0.22		-0.44	-0.43	-0.32	0.21	-0.55	-0.14	HIBB
GES	0.76	-0.62	-0.44		0.38	0.8	0.13	0.7	-0.01	GES
ANF	0.2	0.1	-0.43	0.38		0.42	-0.44	0.35	0.34	ANF
AEO	0.44	-0.59	-0.32	0.8	0.42		-0.28	0.43	-0.01	AEO
GPS	0.31	-0.11	0.21	0.13	-0.44	-0.28		0.15	-0.14	GPS
FL	0.74	-0.34	-0.55	0.7	0.35	0.43	0.15		0.13	FL
URBN	-0.03	0.64	-0.14	-0.01	0.34	-0.01	-0.14	0.13		URBN
	ROST	BKE	HIBB	GES	ANF	AEO	GPS	FL	URBN

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AEO	+ 0.8	GES
GES	+ 0.76	ROST
FL	+ 0.74	ROST
FL	+ 0.7	GES
URBN	+ 0.64	BKE
AEO	+ 0.44	ROST

High negative correlations

GES	- 0.62	BKE
AEO	- 0.59	BKE
FL	- 0.55	HIBB
GPS	- 0.44	ANF
GES	- 0.44	HIBB
ANF	- 0.43	HIBB

Risk-Adjusted Indicators

There is a big difference between Childrens Stock performing well and Childrens Place Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Childrens Place's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ROST	1.06	(0.11)	0.00	(0.17)	0.00	0.00	2.19	(2.62)	6.21
BKE	1.55	0.13	0.09	0.24	1.34	(1.86)	4.83	(2.37)	7.75
HIBB	0.65	0.32	0.71	5.96	0.00	(0.67)	0.56	(0.24)	19.75
GES	1.63	(0.45)	0.00	(0.21)	0.00	0.00	2.98	(3.63)	8.81
ANF	2.71	(0.25)	0.00	(0.04)	0.00	0.00	4.82	(4.98)	19.79
AEO	1.75	(0.39)	0.00	(0.27)	0.00	0.00	2.59	(4.39)	9.65
GPS	2.96	0.12	0.05	0.22	2.65	(4.19)	6.38	(4.61)	36.06
FL	2.18	(0.66)	0.00	(0.39)	0.00	0.00	3.83	(4.66)	13.15
URBN	1.57	(0.06)	(0.03)	0.06	1.70	(1.75)	3.86	(3.10)	7.06

Childrens Place Corporate Management

Philip Ende	GVP Estate	Profile
Mary Sheridan	Chief Officer	Profile
Jared Shure	General Officer	Profile
Rajat Jain	Logistics Technology	Profile

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